Is SepticLemon on the money? Wii HD?

As reported by Eurogamer (via Andriasang), Mr Miyamoto has recently been quoted confirming the existence of the next console from Nintendo.

Obviously he didn't go into any specifics as Nintendo will be keeping any new ideas extremely close to their chest. At the same time Miyamoto also confirmed that he is currently working on another MotionPlus game, Nintendo's latest hardware innovation.

We all knew that Nintendo were working on their next console, however varied speculation means it's almost impossible to predict exactly what we'll see and when.

Our current thinking will be more of an iteration on Wii (ala DSi), rather than a radical change. Surely the new console will need to output HD and digital sound, potentially a hard drive and almost certain improved Wiimotes with MotionPlus built in. Apart from that, I don't know if we'll see a massive educated guess puts this down to launch in 2012.

What are your thoughts on Nintendo's next console?